American Outdoor Brands announced that its Board of Directors has approved the repurchase of up to $10M of the company’s outstanding common stock commencing on October 2, 2023, and ending on September 30, 2024. The program follows the company’s prior share repurchase program, which authorized the company to repurchase up to $10M of its common stock, was initiated in 2022 and, as of its expiration on September 29, 2023, resulted in approximately 752,000 shares, or approximately 5.6% of the company’s outstanding shares, repurchased at an average price of $9.05 per share, or over $6.8M in the aggregate.
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